Brambles (OTCMKTS:BXBLY) Upgraded at Zacks Research

Zacks Research upgraded shares of Brambles (OTCMKTS:BXBLY) from a strong sell rating to a hold rating in a report published on Monday,Zacks.com reports.

BXBLY has been the subject of several other reports. The Goldman Sachs Group upgraded shares of Brambles to a “neutral” rating and set a $19.34 price objective for the company in a research note on Tuesday, May 19th. UBS Group upgraded Brambles from a “hold” rating to a “buy” rating in a research note on Monday, May 18th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Brambles presently has a consensus rating of “Hold” and a consensus price target of $19.34.

Brambles Stock Down 1.1%

Shares of OTCMKTS BXBLY opened at $26.85 on Monday. Brambles has a 52-week low of $22.70 and a 52-week high of $36.00. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.67 and a quick ratio of 0.64. The firm has a fifty day moving average of $26.01 and a 200-day moving average of $30.05.

Brambles Company Profile

Brambles Limited (OTCMKTS:BXBLY) is a global supply-chain logistics company headquartered in Sydney, Australia, best known for its pooled pallet and reusable packaging services. The company operates the CHEP brand for pallets and larger load-carrier solutions and the IFCO brand for reusable plastic crates, offering customers standardized, shared assets that move goods through retail, grocery, manufacturing and other supply chains.

Brambles’ core activities include the management, distribution and maintenance of pooled pallets, crates and containers; repair and refurbishment services; and logistics support such as asset tracking and inventory management.